ADNOC earmarks $55B for energy projects to boost output after UAE exits OPEC

Abu Dhabi’s state energy company ADNOC on Sunday mapped out a sweeping $55 billion project pipeline for the next three years, ramping up spending as the UAE charts a new course outside OPEC.

The company confirmed it will award contracts worth AED 200 billion between 2026 and 2028 as the first major phase of its broader $150 billion five-year capital expenditure plan approved last November.

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